Big movement expected on USDCAD

Past performance is not an indicator of future results.
USDCAD has broken through a line of 1.3222 and suggests a possible movement to 1.3174 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 13 days.

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